Advantages and disadvantages of Trend Projection method
What are the advantages and disadvantages of trend projection method?
Expert
Advantages:
1. Very easy and less costly 2. More reliable Disadvantages:
While sudden fluctuations in data arise, this method will not be appropriate. Similarly this needs considerable experience and technical skill.
The social value of the extra output by additional units of labor is: (1) marginal revenue product of labor. (2) price of labor. (3) average revenue product of labor. (4) value of the marginal product of labor. (5) marginal resource cost of labor. Q : Why is wealth definition of economics Why is wealth definition of economics criticized?
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